UK billionaire Sir Jim Radcliffe moves to Monaco

The news that UK billionaire Sir Jim Radcliffe is to become a Monaco resident has caused quite a stir in Britain, given that he is not only Britain’s most wealthy individual, but also a strong opponent of the country’s EU membership. His company, Ineos, has almost 20,000 employees in 24 countries and an annual turnover of 67 billion euros.

Meanwhile, Monaco’s Official Journal records that Ineos Monaco Limited SAM was set up in March this year. The firm’s address is given as 4, avenue de Roqueville, the same as that of Tyrus Capital. The Journal de Monaco indicates in Article 4 of its listing of Ineos that the the company’s purpose is to act for the companies of the Ineos Group in the Principality of Monaco and abroad.

Sir Jim, 65, had already caught the headlines in Britain this year as he has taken the number-one spot in the league table of richest people, with an estimated worth of 23.55 billion euros. He owns 60 percent of Ineos Group, the UK company specialising in petroleum products.

He is fervently opposed to rules and regulations emanating from Brussels, as well as taxation. According to the Sunday Times, two other directors of Ineos, Andy Currie, and chief financial officer John Reeces – both billionaires in their own right – are also planning to move to Monaco.

[caption id="attachment_28462" align="alignnone" width="1172"] Photo: Facebook Gouvernement Monaco[/caption]
Traffic will be restricted to one way along part of blvd Princesse Charlotte, between avenue de Roqueville Avenue and the Sainte-Dévote bridge, from Monday, February 26, to Friday, March 9, as part of the construction project for the future FANB High School.
The flow of traffic will be modified as follows:
- Vehicles coming from the Sainte-Dévote bridge will be diverted to boulevard de Suisse.
- Vehicles arriving from the upper part of avenue de Roqueville will have to turn left towards avenue Saint-Michel.
To secure bus operations at the Roqueville intersection, manual traffic control will be provided during the day.

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A serial thief who burgled an apartment in Monaco in November 2014 has been given a stiff sentence, in his absence…

Already the subject of an exclusion order, the native of Marseille was given a two year jail term. He is thought to be hiding from justice in Lebanon.

A resident of The Bermuda apartment block, on the Monaco side of the border with France on avenue Hector Otto, reported the theft of her baggage shortly after returning from a foreign trip. She was alerted to the theft by the slamming of a door.

Although he left by the main entrance, the thief had gained entry by climbing up the lift shaft and climbing on to the roof, from where he accessed the flat by a terrace. His booty has been valued at 50,000 euros.